We saw last week gold price went up and the SP of OGX dropped 7 percent! While other gold ASX like SBM and sat went up 3-5 percent on the same day
People will go into gold ASX companies but they will have been burnt on the other industries and last thing they will do is buying a gold producer who has promised for nearly a year now and delivered absolutely nothing other than costs.
At time like these investors will and do move to the bigger gold companies that are making profits and potential dividends
OGX is in the very last bucket, dung heap bucket of near failed companies and it'll take at least a year of results to turn that image around.
Think you have totally got your prediction wrong there Vitamin D.
Time will tell
OGX Price at posting:
2.2¢ Sentiment: Sell Disclosure: Not Held